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APA Corporation APA Impairment Of Oil And Gas Properties

Discontinued — last reported Q4 '22

Impairment Of Oil And Gas Properties at other companies

EOG Resources logo
EOG ResourcesEOG
$39M-11.4%
Northern Oil and Gas logo
Northern Oil and GasNOG
$0-100%

Other financials

Income statement

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Net income$543.0M+29.9%
EPS (diluted)$1.26+31.3%

Balance sheet

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Cash & equivalents$293.0M+337%
Total debt$4.7B-16.9%
Total equity$6.5B+18.8%
Total assets$18.1B-2.4%

Cash flow

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Operating cash flow$554.0M-49.5%

Valuation

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Market cap$12.25B+88.0%
Enterprise value$16.66B+46.5%
P/E7.5×+1.9×

Returns & leverage

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Return on equity27.4%+0.3pp
Debt / equity0.7×-0.3×
Current ratio0.9×0.0×

Where this comes from

Reported directly by APA Corporation in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfOilAndGasProperties.

The source filing: APA Corporation’s 10-K, filed February 23, 2023.

Filed
Feb 23, 2023
Fiscal year
FY2022
Accession
0001784031-23-000007
Line itemFor the Year Ended December 31, 2022For the Year Ended December 31, 2021For the Year Ended December 31, 2020
Transaction, reorganization, and separation262254
Depreciation, depletion, and amortization1,2331,3601,772
Asset retirement obligation accretion117113109
Impairments2084,501
Financing costs, net379514267
6,3986,0379,148
NET INCOME (LOSS) BEFORE INCOME TAXES5,7341,891(4,840)
Current income tax provision1,507652176

ITEM 16. FORM 10-K SUMMARY

FAQ

What is APA Corporation's impairment of oil and gas properties?
APA Corporation (APA) reported impairment of oil and gas properties of $0 in Q4 2022.
How has APA Corporation's impairment of oil and gas properties changed year-over-year?
APA Corporation's impairment of oil and gas properties decreased by 100.0% year-over-year, from $190M to $0.

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